Sir,
employee salary is Rs.240000/- per annual so TDS on applicable on salary or note
No, as the salary per annum is below 5L, so TDS is not applicable.
for any details/queries you could contact caankithjain @ gmail.com.
14 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 28 March 2022
2.5lacs is the basic exemption and rebate is applicable upto 5lacs..
Since the salary is below BEL , Tds is not applicable on your salary
Since the salary is below BEL , Tds is not applicable on your salary
MPR Sanjay Kumar
(3145 Points)
Replied 28 March 2022
Dear,eswar Reddy sir what is mean by carrying amount in accounting and also in PPE
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 28 March 2022
PPE means Property Plant and Equipment. Earlier accounting of assets was under fixed Assets now it is PPE
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 28 March 2022
Carrying amount means amount of PPE as per balance Sheet.
Cost - Accumulated depreciation or
WDV - Depreciation
Cost - Accumulated depreciation or
WDV - Depreciation
MPR Sanjay Kumar
(3145 Points)
Replied 28 March 2022
For example I have a machinery worth RS 2,50,000 after the depreciation the assume amount is for example 55,000 means ....here the what is the carrying amount ??
sabyasachi mukherjee
(27858 Points)
Replied 28 March 2022
The assesse age is not mentioned here.So pls update the details.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 28 March 2022
Yeah.You are right if the assessee is senior citizens the BEL may shift to higher ceiling
sabyasachi mukherjee
(27858 Points)
Replied 28 March 2022
Your salary is much below rs.2.4 lacs.
let me explain. I will advice you to file returns.
let me explain. I will advice you to file returns.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 28 March 2022
Tds is not applicable and also ITR filing is not required
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